Analyst Baskets

As an extension of our top-quality research, Wolfe Research offers an extensive suite of thematic baskets. Wolfe’s analysts perform intensive research to better define themes within the market and find stocks to represent the beneficiaries/donors of these themes. Collaboration between our talented and dedicated research analysts is Wolfe’s secret sauce in maintaining a differentiated offering to our clients.

For more information on these tradable baskets and to request access to the Bloomberg dashboard, please contact your Wolfe salesperson or reach out to sales@wolferesearch.com.

Chris Senyek, Wolfe’s Chief Strategist, created and maintains several thematic long/short baskets designed to express a view on certain macro-related themes, including Tax & Policy, Shorts, Special Situations, SPACs, Supply Chain and Consumer, all topics that Chris regularly publishes on.

For more information, clients can review Chris’s Baskets tear sheet.

Thematic & Macro Baskets

Click on the symbol to view our products: Tear Sheet (must be an institutional investor to view) White Paper (must be a client to view)

Macro Themes

Theme	Description	Universe	History
Liquidity Beneficiaries	Stocks that are highly leveraged to rising Fed liquidity.
Renormalization	Stocks that are highly correlated to the reopening of economies that would provide a tailwind for consumer related companies.
Secular Growers Basket	Collection of companies that have exhibited both consistent high LT sales and EPS growth. Rebalanced quarterly.
Stay-At-Home Basket	Stocks are highly leveraged to a pandemic-driven stay-at-home environment.
Supply Chain Beneficiaries	40 stocks that should directly benefit from improving global supply chains based upon conversations with our analysts
Wolfe European Exposure Basket	U.S. stocks with the highest exposures to Europe based on geographic segment disclosures. Rebalanced annually

Consumer

Theme	Description	Universe	History
Consumer Secular Growers	Very strong secular growth prospects and should benefit from a flattening yield curve.
High-End Retail	Retailers leveraged to high-income consumer spending.
Low-End Retail	Retailers leveraged to lower-income consumer spending.

Special Situations

Theme	Description	Universe	History
13D Activist Basket	Stocks currently or potentially undergoing activist involvement as evidenced by a 13D filing. Rebalanced weekly.
Asset Sales	Stocks that have announced or recently completed a sale of a material component of their business, potentially as part of a larger simplification strategy / breakup plan. Rebalanced monthly.
External CEO Changes	Stocks with a new CEO hire from outside the company. Rebalanced monthly.
Post Spin Parent Co’s	Stocks that have recently spun off a subsidiary into a separate publicly traded company. Rebalanced weekly
Spin-offs Basket	Stocks recently trading on a stand-alone basis after being spun-off from a prior parent entity. Rebalanced monthly.
Strategic Review	Stocks that have announced the exploration of alternatives for potential sale or separation of segments of their business, operational changes, etc. Rebalanced weekly.

IPOs & SPACs

Theme	Description	Universe	History
Experienced Operator SPAC	De-SPAC stocks where the SPAC sponsor CEO/Chairman had direct operating experience in the acquired co. industry. Rebalanced monthly.
Non-Experienced Operator SPAC	De-SPAC stocks where the SPAC sponsor CEO/Chairman had no direct operating experience in the acquired co. industry. Rebalanced monthly.
Post-Announce SPACs	Stocks that have recently gone public via SPAC merger. Rebalanced monthly
Post-SPAC Merger Basket	Stocks that have recently gone public via SPAC merger. Rebalanced monthly.
Recent IPOs Basket	Stocks that have recently gone public via IPO. Rebalanced weekly.
Wolfe IPO Lockup Basket	IPOs approaching their lock up expiration. Rebalanced weekly
Wolfe Unprofitable High Flyers	IPOs with negative EBITDA and >30% first day stock increases. Rebalanced weekly.

Short Baskets

Theme	Description	Universe	History
Serial Restructurers	This basket is a different proxy for low earnings quality and captures companies with consistent and material restructuring charges over the past few years. Among our favorites for long term shorts. Rebalanced quarterly.
Short Hits List	This basket contains companies appearing most frequently across our 15 individual monthly short screens. Rebalanced monthly.
Value Traps	This basket contains stocks that screen inexpensive, but meet at least four historical indicators of stock price underperformance. Rebalanced monthly
Wolfe Fusion Short Basket	This basket, compiled by the Rob Ginsberg on Wolfe’s Technical Research team, consists of stocks with a low Earnings Quality score, a recent CFO change, an unfavorable ranking on Wolfe QES team’s transcript management sentiment NLP, and exhibit unfavorable technicals. Rebalanced quarterly.
Wolfe Low Earnings Quality	Contains stocks with lower accounting quality based on our proprietary EQ Model that scores companies on a 0-100 basis. Rebalanced quarterly.